These solar power systems, located in Lowell, Chelmsford, Billerica, Salem and now Dracut, MA currently produce approximately 1.25 megawatts of electricity annually with a retail value of around $200,000 per/year. When Princeton Properties CEO Andrew Chaban reviewed the numbers, he was certain that the installation was a sound real-estate investment.
"We’re excited to continue moving in the right direction with efficiency and responsible development, said Kurt Shillington, Operations Manager at Princeton Properties. “These six solar projects in conjunction with focusing on operating our properties as efficiently as possible give us a real competitive edge."
Princeton Properties is now able to showcase the energy that these panels are producing. An "Energy Dashboard" link can be found on the Princeton Properties website or by visiting: http://princetonproperties.powerdash.com/